> For the complete documentation index, see [llms.txt](https://docs.ape.express/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.ape.express/trading/bonding-curve.md).

# Bonding Curve

Every token launched on Ape Express *<mark style="color:orange;">**"Degen Mode"**</mark>* launches with 1,000,000,000 tokens placed in the Bonding Curve.

As traders buy tokens, the price rises, rewarding early buyers, while selling lowers the price to balance supply and demand.&#x20;

To complete the Bonding Curve ≈80% of the tokens must be bought.

When the Bonding Curve progress reaches 100%, 14,228 APE and ≈20% of the tokens are used as liquidity on the chosen DEX.

The token is now tradable on both Ape Express and the exchange.